Delaware Reit Correlations

DPREX Fund

USD 12.77 0.05 0.39%

The current 90-days correlation between Delaware Reit and Vanguard Money Market is -0.01 (i.e., Good diversification). The correlation of Delaware Reit is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Delaware Reit Correlation With Market

Good diversification

The correlation between Delaware Reit Fund and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Reit Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Delaware Reit Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Delaware Mutual Fund

0.94	OASGX	Optimum Small Mid	Pair Corr
0.87	OASVX	Optimum Small Mid	Pair Corr
0.69	OCFIX	Optimum Fixed Income	Pair Corr
0.96	WASAX	Ivy Asset Strategy	Pair Corr
0.93	WSGAX	Ivy Small Cap	Pair Corr
0.69	OCIEX	Optimum International	Pair Corr
0.73	OCLVX	Optimum Large Cap	Pair Corr
0.74	OCLGX	Optimum Large Cap	Pair Corr
0.94	OCSGX	Optimum Small Mid	Pair Corr
0.87	OCSVX	Optimum Small Mid	Pair Corr
0.95	WSTAX	Ivy Science And	Pair Corr
0.62	DMO	Western Asset Mortgage	Pair Corr
0.77	WCEAX	Ivy E Equity	Pair Corr
0.7	DLTZX	Delaware Limited Term	Pair Corr
0.85	DLTRX	Delaware Limited Term	Pair Corr
0.73	IPOAX	Ivy Emerging Markets	Pair Corr
0.77	IRSAX	Ivy Advantus Real	Pair Corr
0.73	OIFIX	Optimum Fixed Income	Pair Corr
0.95	OIIEX	Optimum International	Pair Corr
0.94	OILVX	Optimum Large Cap	Pair Corr
0.63	DPCFX	Delaware Diversified	Pair Corr
0.77	DPDFX	Delaware Diversified	Pair Corr
0.94	OISGX	Optimum Small Mid	Pair Corr
0.74	FGIPX	First Investors Growth	Pair Corr
0.76	FGINX	First Investors Growth	Pair Corr
0.71	WHIAX	Ivy High Income	Pair Corr
0.71	DPRRX	Delaware Reit	Pair Corr
0.78	DPRFX	Delaware Diversified	Pair Corr
0.7	DPRDX	Real Estate	Pair Corr

Moving against Delaware Mutual Fund

0.36	FTNYX	Delaware Tax Free	Pair Corr
0.5	VAZIX	Delaware Tax Free	Pair Corr

Related Correlations Analysis

	VMRXX	IVMXX	TIMTX	STPXX	GMBXX	AEYXX	GABXX
VMRXX		1.0	0.79	0.94	0.83	0.0	0.71	VMRXX
IVMXX	1.0		0.79	0.94	0.83	0.0	0.71	IVMXX
TIMTX	0.79	0.79		0.78	0.74	0.0	0.63	TIMTX
STPXX	0.94	0.94	0.78		0.88	0.0	0.75	STPXX
GMBXX	0.83	0.83	0.74	0.88		0.0	0.85	GMBXX
AEYXX	0.0	0.0	0.0	0.0	0.0		0.0	AEYXX
GABXX	0.71	0.71	0.63	0.75	0.85	0.0		GABXX
	VMRXX	IVMXX	TIMTX	STPXX	GMBXX	AEYXX	GABXX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

IVMXX	+ 1.0	VMRXX
STPXX	+ 0.94	VMRXX
STPXX	+ 0.94	IVMXX
GMBXX	+ 0.88	STPXX
GABXX	+ 0.85	GMBXX
GMBXX	+ 0.83	VMRXX

High negative correlations

GABXX	- 0.0	AEYXX
AEYXX	- 0.0	GMBXX
AEYXX	- 0.0	STPXX
AEYXX	- 0.0	TIMTX
AEYXX	- 0.0	IVMXX
AEYXX	- 0.0	VMRXX

Risk-Adjusted Indicators

There is a big difference between Delaware Mutual Fund performing well and Delaware Reit Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Delaware Reit's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VMRXX	0.03	0.00	0.00	1.43	0.00	0.00	0.00	0.00	1.01
IVMXX	0.03	0.00	0.00	1.43	0.00	0.00	0.00	0.00	1.01
TIMTX	0.14	0.00	(0.57)	0.02	0.13	(0.18)	0.29	(0.29)	0.97
STPXX	0.03	0.00	0.00	0.49	0.00	0.00	0.00	0.00	1.01
GMBXX	0.03	0.01	0.00	(3.32)	0.00	0.00	0.00	0.00	1.01
AEYXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GABXX	0.03	0.00	0.00	0.32	0.00	0.00	0.00	0.00	1.01

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